EcoWatt - creating an accessible community-based renewable energy company

EcoWatt is a socially minded next generation renewable energy company that aims to disrupt the green energy market by creating the first easily accessible community driven renewable energy company dedicated to providing clean green energy to the world. EcoWatt is setting up a renewable energy platform and issuing the EcoWatt Token, this makes it possible for the community to access electricity markets in the EU, invest in renewable energy assets, and create the infrastructure necessary for peer-to-peer trading of energy. EcoWatt is one of the fastest growing companies that aims to provide the planet with Green Energy. EcoWatt has created its own platform as well as issued a token which is growing rapidly. Every member of the community has the right to vote and can participate in the company’s decision-making. The EcoWatt community is open to collaboration and anyone can join the ranks of Green Energy. Only with joint efforts can we achieve our common goal and save our planet.

Climate Change is one of the biggest challenges of our time, Use of Green Energy has gained worldwide popularity. The energy is extracted from geological processes that are constantly occurring in the environment, after which it is passed on to consumers, who use it to solve technical problems and fulfill their needs. The priority of using renewable energy sources is environmentally friendly and inexhaustible.

EcoWatt is a next generation company that strives to create affordable Green Energy and make it available to the world. The company also owns the EcoWatt token, which provides access to the global electricity market. Every member of the community can take part in preserving the environment and supporting the EcoWatt project. Together, we will soon achieve a common goal.

The EcoWatt Token is a finite supply asset, that holds the tokenized beneficiary rights of an equity share in a growing physical renewable energy portfolio. In a nutshell EcoWatt offers an asset backed stable coin that increases in value while offering security, liquidity utility and social impact. Tokenomics are simple. 1 billion Tokens are mined by building a 1 billion Watt Power (Wp) physical asset portfolio. This means that 1 Token equals 1 Watt of renewable power connected to the grid. On top of the asset backing and benefit of a revenue share, the Token will unlock additional utility as the power plant portfolio grows larger and earns more income.

Mission

The goal of the EcoWatt platform is to create the first self-sustaining community driven renewable energy owner/developer in the world. Being driven by the community will allow the EcoWatt team to make decisions that value social and ecological impact higher than traditional shareholder demands. The EcoWatt team is uniquely suited to achieve this mission. EcoWatt combines renewable energy professionals, with Blockchain experts and social impact entrepreneurs. Individually and as a team, they have built large-scale wind and solar plants in several European countries in the last 20 years. By leveraging the blockchain, EcoWatt enables investors, communities, and individuals to participate in renewable energy projects and facilitates a decentralized marketplace for renewable energy assets.

The energy sector is a clear example of application with very promising potential benefits from the implementation of blockchain technology; many actors involved, intermediaries, and transactions — both physical and digital. Blockchain technology offers incomparable advantages in terms of security, traceability and confidence/transparency among the network participants. It is a disruptive tool that offers a path to complete liberalization and decentralization of energy markets.

EcoWatt wants to give a voice to the community and will incentivize them to participate on project identification and vote on social and ecological impact projects. It is the goal of the trust to build a self-governing community with moderators elected on the basis of activity, subject knowledge and a proof of stake as a token holder The community will vote on social impact projects presented by the Trust and selected third parties and contribute to a cleaner, greener and more sustainable world In order to participate in community-based activities, a member must stake a specified % of their EcoWatt Tokens. Beyond that everyone is equal and contributions are upvoted by the community on merit before the final decision is made by the Trust.

The Opportunity

The energy system is becoming increasingly electric and digitalized. With electricity becoming the central energy carrier, gross electricity consumption will more than double by 2050. Drivers of electricity demand growth include increased economic activity and the widespread use of electricity for heat, the emergence of renewable hydrogen, and a global fleet of EV’s.

More than 60% of electricity generation will come from wind and solar. Improved EV charging, electrified heat and hydrogen production can be used to store energy and match the variable demand. in the power sector and to provide flexibility for the operation of the system. The share of renewable electricity would increase from almost 25% today to 86% in 2050. About 60% of total generation in 2050 would be accounted for by variable renewables, such as solar and wind. Due to these changes, the global energy transformation is more than a simple transformation of the energy sector – it is a transformation of societies and economies.

Becoming the world’s first climate-neutral continent by 2050 is the objective behind the European Green Deal, the most ambitious package of measures that should enable European citizens and businesses to benefit from sustainable green transition.

DIGITALIZATION IS A KEY ENABLER TO AMPLIFY THE ENERGY TRANSFORMATION

Smart innovations can be turned into smart solutions using a range of digital technologies. Digital innovations (such as artificial intelligence, blockchain, etc.,) are increasing and could greatly impact power systems in many different, positive ways. The private sector will be a key driver for the energy transformation. Enabling smarter energy systems through digitalization (e.g., blockchain), to promote the coupling of private investments with greater electrification and to embrace decentralization trends.

The growing demand for renewable energy will bring private sector investments in line with public policies and ecological requirements. So far, the private sector is still growing in the development of renewable energy due to large upfront costs. Digitalization of these processes allows a mass application like a blockchain renewable energy platform for all activities related to energy – from independent investments in renewable energy and energy projects to a safe and fast way to pay your electricity bill.

Reducing greenhouse gas emissions will ultimately depend on the private sector recognizing the inherent commercial opportunities. The more investors see that economic growth and fighting climate change go hand in hand, the faster we’ll be able to move to a clean-energy economy.

It takes 25 years – a generation – to transform an industrial sector and all the value chains. To be ready in 2050, decisions and actions need to be taken in the next five years.

THE ECOWATT TOKEN

The EcoWatt Token derives its core value from physical revenue generating renewable energy assets. This gives the Token a predictable stable value and income, that increases as the asset portfolio backing grows larger. On top of the asset backing and benefit of a revenue share, the Token will unlock additional utility as the portfolio grows larger and earns more income. In the future, this asset backing will allow the EcoWatt to offer low-cost liquidity lending solutions to community members who stake their tokens as well as a pre-paid debit card that allows members to spend their earnings crypto based earnings freely in thousands of stores directly.

EcoWatt puts renewable energy assets on the blockchain to disrupt the climate change movement by making green assets accessible to the blockchain community. By buying and staking the EcoWatt Token, the community directly participates in the growth of zero carbon power plants that generate power, earn revenue, reward staking and further increase the value of the token.

The EcoWatt tokenomics is extremely simple — it is a finite supply of ERC-20 tokens backed by renewable power assets. The only way to mine 1 billion ECW tokens that will ever be issued is to physically build 1 billion Watt of renewable energy generation. So the basics are quite straightforward: 1 ECW = 1 Watt of renewable energy capacity during the Token mining. Once mining is concluded the growing asset ratio in relation to the fixed token quantity increases the Token value steadily for years to come.

After the first oversubscribed private sale, the second private round with a combined target of 8 million Euro was launched on Tokeny platform on May 15, 2021 and will last until June 15, 2021, before opening the mining pool for the public in July 2021. According to the World Economic Forum, in 10 years 10% of the world’s GDP will be stored in blockchain, so it is very important to bridge blockchain and energy industries as soon as possible.

EcoWatt is building the first community dedicated to the climate change movement, that will be able to make an impact independent of institutions and governments. EcoWatt does not plan to stop there. Next to growing the Token value by building assets and rewarding the staking community, EcoWatt will also re-invest proceeds into social impact and food security projects that will support thousands of families and plant millions of trees in cooperation with trees.org.

The initial target is to create an asset portfolio with a Token market cap of EUR 1,20 billion by 2022 and save 750.000 tons of CO2 emissions every year for the foreseeable future. EcoWatt is one of the few blockchain projects that have Tokens backed by physical assets that bring real value and strives to make our world better. And it is right around the corner now.

ECOWATT TOKEN OFFERING

An allotment of less than EUR 100.000 is possible to fewer than 150 non-qualified investors per EU Member State according to the EU Prospectus Directive.

The EcoWatt Token will be offered via the Tokeny powered EcoWatt platform and will be later available at selected exchanges. Token mining requires a one-to-one ratio of 1 Token being backed by 1 Watt of Power. In order to achieve this, EcoWatt has arranged two funding rounds before transitioning into a public access liquidity pool for community members to purchase discounted Token claims.

A total of not more than 1.000.000.000 tokens will be mined and released onto the Ethereum block-chain via the Polygon (Matic) Network as ERC20 T-Rex tokens.

Tokonomics